Core-Mark (NASDAQ:CORE) Director Gary F. Colter purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were purchased at an average price of $18.34 per share, for a total transaction of $91,700.00. Following the purchase, the director now directly owns 119,473 shares in the company, valued at $2,191,134.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Core-Mark opened at $18.45 on Wednesday, MarketBeat reports. Core-Mark has a twelve month low of $17.10 and a twelve month high of $38.20. The company has a quick ratio of 1.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.81. The company has a market cap of $841.85 million, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.18 and a beta of 0.59.
Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, May 8th. The business services provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Core-Mark had a return on equity of 8.47% and a net margin of 0.19%. The company had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. research analysts forecast that Core-Mark will post 1.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. Core-Mark’s payout ratio is 40.00%.
A number of research analysts recently issued reports on the company. BidaskClub downgraded Core-Mark from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 9th. BMO Capital Markets dropped their price target on Core-Mark from $23.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, May 9th. Zacks Investment Research upgraded Core-Mark from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Jefferies Group restated a “hold” rating and set a $23.00 price target on shares of Core-Mark in a research note on Thursday, March 1st. Finally, ValuEngine downgraded Core-Mark from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.83.
A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in Core-Mark by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 353,718 shares of the business services provider’s stock worth $7,520,000 after acquiring an additional 8,066 shares during the period. Millennium Management LLC lifted its holdings in shares of Core-Mark by 292.5% in the 1st quarter. Millennium Management LLC now owns 97,461 shares of the business services provider’s stock valued at $2,072,000 after buying an additional 72,629 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Core-Mark in the 1st quarter valued at approximately $2,976,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Core-Mark in the 1st quarter valued at approximately $249,000. Finally, Guggenheim Capital LLC lifted its holdings in shares of Core-Mark by 116.5% in the 1st quarter. Guggenheim Capital LLC now owns 96,169 shares of the business services provider’s stock valued at $2,044,000 after buying an additional 51,746 shares during the period. 94.89% of the stock is owned by institutional investors.
Core-Mark Company Profile
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.
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